This Is What Whales Are Betting On Nike
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Nike (NYSE:NKE), with 80% of detected trades having bearish expectations. Whales have been targeting a price range of $95 to $140 for Nike over the last 3 months. Williams Trading downgraded Nike to Sell with a price target of $95.
May 25, 2023 | 7:33 pm
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Whale investor takes a bearish stance on Nike, with 80% of detected trades being bearish. Williams Trading downgrades Nike to Sell with a $95 price target.
The bearish stance taken by the whale investor, along with the downgrade by Williams Trading, indicates a negative outlook for Nike's stock price in the short term. The majority of detected trades being bearish also supports this view.
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